It is a known fact that the growth of an organization is dependent on the sustainability of employee-employer relationship. But in the recent times, it is not so. The employer, on the one hand, is suffering from the problem of attrition, and on the other hand, employees are in search of better career avenues. Hence, there is a need to establish a strong relationship between them. Lack of stability in their relationship will hinder their career prospects. To overcome this problem, the concept of ‘mentoring’ can be used, which will help to establish a strong relationship. This article looks into ways in which this objective can be achieved by focusing on the importance of sustainable relationship for both the employees and the employer.

Description

It is quite evident that a stable employeeemployer
relationship will foster better
development prospects for both the
employee and the employer. In the olden
days, employees were very much focused on
their career and stayed with an organization
for a longer time. Likewise, the employers
were focused on facilitating the process of
career development of the employees and
offered better benefits in terms of monetary
and non-monetary incentives.

Keeping aside the satisfaction levels of
both the employees and the employers, the
point to be considered is the stability
fostered between them. It is this stability
among them that ensured success in
achieving their objectives. But now the
scenario is entirely different. The process of
liberalization, privatization and globalization
has entirely changed the global
economic scenario. This change has made a
greater impact on the employee-employer
relationship. Especially, the relationship has
become more short-term, which is not
beneficial for both.

According to 14th Annual Global CEO
Survey, PricewaterhouseCoopers found that
the third most challenging aspect faced by
the business organizations across the globe
was retaining the employees, especially
resourceful employees. It is a fact even
happening in the Indian employment
market; irrespective of the economic
conditions of the country, both companies
and employees are severely affected by the
increasing attrition levels. Hence, there is a
need to consider looking for better strategies
that will increase the sustainability of the
relationship between the employers and the
employees. Let us make an attempt to
understand how to establish strong
relationships by identifying the pros and
cons of employee and the employer.